Most evidence of hyperbolic discounting is based on violations of either stationarity or time consistency as observed … discounting is a plausible explanation for choice reversals only if violations of stationarity and time consistency overlap. Our … conclude that when incomes fluctuate, one can only identify hyperbolic discounting by eliciting violations of both stationarity …

I derive a social planner's optimal information design in an environment with quasi-hyperbolic discounting consumers …

discounting of money has been questioned as a measure of time preferences, it continues to be highly relevant in empirical …. We provide evidence that hyperbolic discounting reflects mistakes that are driven by the complexity of evaluating delayed … present bias are (not) confounded by complexity. …